Abstract
The aim of this paper is to provide a comparative assessment of the innovation effects of instruments which support the diffusion of renewable electricity technologies with a functions-oriented technological innovation system perspective. The paper provides a link between two major streams of the literature: the functions of innovation systems and the literature on renewable electricity support schemes. We show that, when a functional perspective is adopted, feed-in tariffs are likely to be superior to other policy instruments (quotas with tradable green certificates and tendering), although they still need to be complemented with other instruments, most importantly, direct R&D support. Furthermore, those innovation effects are affected by the specific design elements of the instruments chosen. © 2012 Elsevier Ltd.
Original language | English |
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Pages (from-to) | 272-282 |
Journal | Energy Policy |
Volume | 50 |
DOIs | |
Publication status | Published - Nov 2012 |
Keywords
- Innovation functions
- Renewable electricity support
- Technological innovation systems